Europe sees slide in foreign direct investment, EY survey shows

BUSINESS © FRANCE 24

The number of foreign direct investment projects in Europe fell 4 percent in 2023 compared to the previous year, the first decline since the pandemic. Germany was hit particularly hard with a 12 percent drop in FDI projects, amid concern over its economic slowdown and energy security. France's tally fell by 5 percent but it still came out on top with the most projects. The UK bucked the regional trend with a 6 percent increase. Also in this edition, a free Madonna concert in Rio de Janeiro this Saturday is expected to bring in nearly $60 million to the local economy.